Crypto.com Announces Acquisition of SEC Registered Broker-Dealer Watchdog Capital, LLC
Crypto.com announced today the acquisition of a SEC registered broker-dealer and member of FINRA and SIPC, Watchdog Capital, LLC. This acquisition will enable Crypto.com’s new subsidiary to offer equities and equity options, among other things, to eligible traders in the U.S.
“We are aggressively working towards integrating traditional financial tools with digital financial capabilities and are doing so while maintaining our focus on building responsibly with the necessary licenses and registrations to operate as the industry’s leader.” said Kris Marszalek, CEO of Crypto.com. “We are extremely confident in the future of the U.S. market as we see growing bipartisan support for our industry. This acquisition furthers the capabilities of the Crypto.com family of companies through a fully registered broker dealer.”
With this acquisition, the Crypto.com family of companies will offer users in the U.S. the ability to engage with stocks and options markets. Additional information on the new products and services available, including when and how to begin trading, will be shared with eligible customers of the broker dealer.
“Consumers and traders want to engage in the digital-first trading environment of today’s comprehensive market,” said Travis McGhee, Managing Director, Global Head of Capital Markets of Crypto.com. “With this latest acquisition, we take another big step forward in offering a top-tier global financial trading and services solution.”
This is the latest significant product milestone for Crypto.com, including the launch of UpDown Options, the first CFTC-regulated crypto derivatives product and offered by CFTC-regulated Crypto.com | Derivatives North America, adding PayPal as a payment method, launching global retail services powered by Standard Chartered, and the Crypto.com Exchange becoming the world’s number one USD-supporting exchange.
About Crypto.com
Founded in 2016, Crypto.com is trusted by more than 100 million customers worldwide and is the industry leader in regulatory compliance, security and privacy. Our vision is simple: Cryptocurrency in Every Wallet™. Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation.
https://crypto.com/company-news/cryptocom-announces-acquisition-of-sec-registered-broker-dealer-watchdog-capital-llc